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Infosys, Coforge, Sagility Are Jefferies' Top IT Picks Amid Tariff Volatility

  • Jefferies has picked Infosys Ltd., Coforge Ltd. and Sagility India Ltd. as its preferred IT stocks amid current volatility.
  • US President Donald Trump's global tariff imposition is expected to hurt IT demand in the near term.
  • The brokerage has cut its target price for IT stocks in the range of 5-35% and prefers stocks with higher growth visibility and limited de-rating risks.
  • Tariff uncertainties are likely to impact manufacturing, logistics, and retail verticals the most, given their reliance on global supply chains.

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